DMAR Digest | Week of March 7
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Important Membership Announcement: Bylaw Amendments
Denver Metro Association of Realtors® (DMAR) members voted on and passed suggested bylaw amendments at our annual membership meeting that took place on February 24, 2022. Our leadership team along with a task force of DMAR members reviewed and revised our Association bylaws to reflect current practices, and align with the support of DMAR Chair, Milford Adam’s, our vision of making DMAR more diverse, equitable and inclusive for all members. Being a more diverse and inclusive Association will allow us to better serve our members and communities. With these goals in mind, two major revisions to the bylaws are:
- The addition of two (2) new seats on the Board of Directors: one (1) seat for the Asian Real Estate Association (AREAA) and one (1) seat for the LGBTQ+ Real Estate Alliance.
- The return of the DMAR nominating committee for elections.
This compliments in representing all our community along with our current directors: the National Association of Real Estate Brokers (NAREB) and the National Association of Hispanic Real Estate Professionals® (NAHREP).
Quote of the week
“Vision without execution is hallucination.”
Trish Bertuzzi, Founder and CEO of The Bridge Group & Best-Selling Author
Skim this
Join Hundreds of Top Real Estate Professionals at Listing Agent Boot Camp™ April 12-13 in Denver!
Secure your ticket today for LABC 2022 at the Omni Interlocken Hotel! With over 70 breakout sessions led by top Realtors and Club Wealth coaches, mainstage events helmed by Club Wealth CEO Michael Hellickson and OJO Labs' / former Keller Williams CEO Chris Heller, and the chance to get USDA REO Certified at event-only rates thanks to Dawson's Management, you'll come away with tons of actionable strategies and information to boost your business and outpace your competitors. Club Wealth has helped thousands of real estate agents double, triple, or even quadruple their incomes while working fewer hours, and will help you, too. See you there! Read More
Inspirational Quotes From Successful Women | Wired 2021
Happy Women's History Month! To celebrate, we compiled some of our favorite quotes from our 2021 Wired: The Self Summit featuring Nadia Bilchik, Maura Neill, Danielle Shoots and more! Read More
Russian Invasion May Impact Mortgage Rates
“When global investors sense increased uncertainty, there is a ‘flight to safety’ in the U.S. Treasury bonds, which causes their prices to go up, and their yield to go down,” says Odeta Kushi, deputy chief economist at First American. “Consequently, amidst heightened uncertainty due to the worsening events in Ukraine, there is a possibility that investors flock to U.S. Treasury bonds, which may result in a temporary, short-term decline in mortgage rates.” Read More
Foreign purchases of asset-backed securities are on the rise
Foreign holdings of U.S. asset-backed securities stood at $1.562 trillion as of June 30 of 2021, up from $1.489 trillion as of the same date in 2020, according to preliminary data released by the U.S. Department of the Treasury. The Treasury report defines asset-backed securities (ABS) as including mortgage-backed securities as well as securities backed by the cash flows from other asset pools, such as credit card receivables. The report, however, does not offer a breakdown of the ABS by type. Read More
Desperate buyers battled low supply, causing home prices to spike in metro Denver last month
The median or mid-point price of a single-family sold in February was a record $635,000, up by $36,000 or 6% from January and 19.8% from a year earlier, according to a monthly update from the Denver Metro Association of Realtors®. The gain in the median price of a condo sold was more subdued, rising 1.25% on the month to $405,000. That represents an increase of 19.6% on the year. Read More
Even with monthly uptick in inventory, Denver housing supply hits another record low
An increase in new listings across multiple price points from last month offers good news for buyers after constant stories of record-low inventory, but realtors warn of continued compilations for Denver metro area homebuyers as supply continues to stay historically low. Read More
Is Real Estate Hyper Local? Or Globally Expansive? | Guest Post
In 2022, housing buzz words will include terms like global impact, market velocity, inventory shortage, shifting interest rates, insatiable buyer demand, rising inflation and affordability. This market has already undergone extreme stress over the last two years as the pandemic changed how we viewed our home. Read More
Digging Deeper: February 2022 Records
February 2022 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month. Read More
DMAR Real Estate Market Trends Report | MAR. '22
With 5.36 percent month-over-month appreciation and interest rates increasing, an individual's buying power steadily declined. While 2020 and 2021 took different paths, there is one common denominator: hyperactive buyer demand. Read More
[INFOGRAPHIC] Market Trends Overview | MAR. '22
Download the March Market Trends Report infographic. This is a great resource to share with your clients and colleagues on social media, your website or via email or even print. Read More
Resources & services
DMAR + Earnnest [Recorded Webinar]
Did you miss the DMAR + Earnnest webinar? Don't worry, you can still watch and learn with the link below! DMAR CEO, Nobu Hata, joins the Earnnest team to discuss digital earnest payments. We covered downloading the free Earnnest app, sending your first earnest request and tracking payment progress. Read More
First-Time Homeowner Tax Guide (2022)
You did it! You secured a new home in the hottest seller’s market we’ve ever seen. Now what? Tax season is here and you’re wondering how this new purchase will change how you file. We’re here to help. Here are a few things to keep in mind as you head into your first tax season as a homeowner. Note, this article has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Read More
Global & Luxury Summit - Denver | March 28 - 30
AREAA’s Global & Luxury Summit is coming to the Four Seasons in Denver, March 28-30. The Global & Luxury Summit is an AREAA signature event that brings together an exclusive group of top producers, luxury experts and global investors. Previously hosted in New York City, Beverly Hills, Miami and Seattle, we encourage you to take advantage of this special occasion in Denver. Read More
DMAR Staff is Here to Help
If you are looking to reach a specific department or staff person, please refer to the staff directory here, or contact our main line at 303-756-0553 or email help@dmarealtors.com.
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